Economic Jenga

Ralph welcomes back Erica Payne, founder of Patriotic Millionaires, to update us on that group’s latest efforts to save American democracy by lobbying to raise wages for workers and tax the rich. Plus, according to our resident constitutional expert, Bruce Fein, the count of Trump’s impeachable offenses is now up to twenty-two and rising faster than a Space X rocket. Erica Payne is the founder and president of Patriotic Millionaires, an organization of high-net-worth individuals that aims to restructure America’s political economy to suit the needs of all Americans. Their work includes advocating for a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens. She is the co-author, with Morris Pearl, of Tax the Rich: How Lies, Loopholes and Lobbyists Make the Rich Even Richer. What we saw on January 20th, I believe, was the result of a global oligarchical coup who just took the Queen on the chessboard. When you've got three people whose combined worth is around a trillion dollars standing behind who is an unethical at least, criminal at worst billionaire president, Houston, we have a problem here. And the problem is not actually Donald Trump. The problem is the preconditions that led to the rise of a vulnerability to an authoritarian leader and an oligarchy. And that vulnerability was brought about by the actions of both parties over decades. Erica Payne If you ran a business, Ralph, would you ever fire your accounts receivable department? No. It would be the last department you would cut. So then it says he's either stupid because that's what he's cutting, which I think is probably inaccurate. So if he's not stupid, then why is he doing it? And he's doing it for the same reason that lawmakers have hacked at the IRS budget forever—they don't want their donors to get taxed. They don't want their donors to be audited. And so they cut the cops. So all these folks who are griping about black Americans calling to defund the police are actually defunding the police that is keeping them in line and keeping them honest. Erica Payne At a divided moment in America, I think we can agree that the federal government shouldn't tax people into poverty, and (to the extent necessary) rich people should pick up the difference. Erica Payne Bruce Fein is a Constitutional scholar and an expert on international law. Mr. Fein was Associate Deputy Attorney General under Ronald Reagan and he is the author of Constitutional Peril: The Life and Death Struggle for Our Constitution and Democracy, and American Empire: Before the Fall. I start out with the fundamental idea of due process—you simply cannot deprive someone of liberty without giving them an opportunity to explain or to refute what allegations the government has made. And the reason why I start out with that, Ralph, is we've had an experiment in World War II with what happens when you have no due process. We did that with 120,000 Japanese Americans. No, we just said that they're all likely to commit espionage or sabotage, got to put them in concentration camps. We made 120,000 errors (and later apologized for it in 1988). So there's a reason due process is not simply an academic concept. It's essential to preventing these kinds of egregious instances of injustice from happening. Bruce Fein The Democrats and a lot of liberal economists are not keeping up with the horror show that's going on. They don't use words like cruel and vicious. They don't turn Trump's words like deranged, crazed, corrupt on him. They're still using words like authoritarian practices, or problematic, or distressing, or disconcerting, or concerning. They're not catching up with the horror show here. That's why Trump continues to have a soliloquy. The Democratic Party is now having gatherings to see how are they going to collectively deal with Trump? How does a bank deal with a bank robber? They let the bank robber rob the bank and flee with the gold while they deliberate how they're going to deal with a bank robber they see coming into the bank? Ralph Nader News 5/2/25 1. At the eleventh hour, Representative Jim Jordan – Chair of the House Judiciary Committee – pulled his measure to strip the Federal Trade Commission of its antitrust enforcement powers and consolidate those within the Justice Department, Reuters reports. “The House panel…had included the proposal in its budget package on Monday. During a hearing on the package…the committee passed an amendment that would remove the measure.” Trump’s FTC Chairman Andrew Ferguson opposed Jordan’s move and intervened with the White House. As Reuters notes, “The proposal mirrored the One Agency Act, a Republican bill that has gotten support from Elon Musk…[which] would effectively repeal the FTC's...authority to sue companies over unfair methods of competition, which the agency is using in cases against pharmacy benefit managers, Amazon…and John Deere.” In short, the FTC’s antitrust powers survive today, but there is no guarantee about tomorrow. 2. Yet, while avoiding the worst possible outcome on the corporate crime front, the Trump administration is still hard at work going soft on corporate crooks. Public Citizen’s Rick Claypool reports “Two Wells Fargo execs had their fines reduced by 90% (related to the bank's accounting scandal) by Trump's [Office of the Comptroller of the Currency].” Claypool links to a piece in Radical Compliance, which explains that “David Julian, former chief auditor at Wells Fargo, saw his fines cut from $7 million to $100,000 [and] Paul McLinko, executive audit director, had his fines cut from $1.5 million to $50,000.” Both Julian and McLinko were part of the senior leadership team at Wells Fargo in the 2010s, when regulators “charged the bank with turning a blind eye to employees opening bank accounts without customer consent to hit sales quotas. That misconduct eventually led to a $3 billion settlement with Wells Fargo in 2020.” 3. Lest you think the Democrats are in danger of seriously opposing Trump’s policies, the Bulwark reports that House Minority Leader Hakeem Jeffries is putting the kibosh on the recent spate of Democrats’ trips to El Salvador exposing the reality of the CECOT deportation scheme. This report alleges that “Cory Booker and the Hispanic Caucus were planning on going [to El Salvador],” but are no longer. Perhaps worse, Jeffries is not giving clear marching orders to the party rank and file. One Democrat is quoted saying “As a member of a party you need to be disciplined…They say, ‘Get on a plane,’ ‘Don’t get on a plane’—that’s what you do. Nine out ten times you do what they ask. But you can’t take that approach if you’re not having regular communications… You have to be clear in messaging what the plan is and you have to do that regularly if you want to keep people in line.” This is just another example of Jeffries’ weak and indecisive leadership of the caucus. 4. Advocates are having more luck resisting the administration’s overreach in court. On Wednesday, Mohsen Mahdawi – the Columbia student faced with deportation after being lured into an ICE trap with the false promise of a citizenship test – was freed by a federal judge, POLITICO reports. After the judge ordered his release, Mahdawi told the press “I am saying it clear and loud…To President Trump and his Cabinet: I am not afraid of you.” Mahdawi’s ordeal is not over, but he will remain free while his case winds its way through the courts and a previous order blocked the administration from changing venues, meaning the case will proceed in the relatively liberal Second Circuit. 5. Mahmoud Khalil also scored a major legal victory this week. The Huffington Post reports that the ICE agents sent to arrest Khalil did not, contrary to their false claims in court, have an arrest warrant. Amy Greer, a lawyer for Khalil, is quoted saying “Today, we now know why [the government] never showed Mahmoud [a] warrant — they didn’t have one. This is clearly yet another despera… Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe